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APOLLO FUTURE MOBILITY GROUP announces its urban delivery vehicle UME was awarded the “Best of Best” in the “Commercial” category in the Automotive Brand Contest 2021 in Germany

indie
5 minutes

HONG KONG, Jun 30, 2021 - (ACN Newswire via SEAPRWire.com) - Apollo Future Mobility Group Limited ("AFMG", the "Company", HKEx stock code: 860) announces today that its urban delivery vehicle - the UME, developed by its German team, was awarded the title of "Best of Best" in the "Commercial" category in the Automotive Brand Contest 2021 ("abc2021") organized by German Design Council.Highlighting the appreciation of the abc2021 judging panel members to the UME design, the panel's official verdict reads: "UME's Urban Delivery Vehicle with its holistic sustainable concept approach is an attractive solution for electric last mile transport of goods. The idea of sending the vehicle as an assembly kit to local micro-factories is truly remarkable. The modular superstructures also allow for a variety of deployment scenarios. A well thought-out, coherent commercial vehicle concept that is also convincing in its form with its modern, friendly product language."Unveiled for the first time at the Third China International Import Expo 2020 hosted in November 2020, the UME, meaning "Utility Meets Electric", is designed to be a cost and time effective tool to fulfill the last mile in the supply c...

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Jacobson Pharma Announces FY2021 Annual Results

indie
6 minutes

HONG KONG, Jun 29, 2021 - (ACN Newswire via SEAPRWire.com) - Jacobson Pharma Corporation Limited ("Jacobson Pharma" or the "Company"; Stock Code: 2633), a leading company engaging in the research, development, production, marketing and sale of essential medicines, specialty drugs and branded healthcare products, today announced the annual results of the Company and its subsidiaries (collectively the "Group") for the year ended 31 March 2021 (the "FY2021" or the "Reporting Period").During the Reporting Period, the economy was hit hard by the pandemic with retail consumption stalled due to various social distancing measures and travel restrictions. At the continual impact of the pandemic on its businesses, the Group made total revenue of HK$1,445.9 million in the Reporting Period, dropped narrowly by 8.0% against the previous year. Mitigated by the impact relief and cost-saving measures, profit attributable to shareholders softened by 19.4% to HK$173.7 million.The Board has recommended payment of a final dividend of HK1.5 cents per share (FY2020: HK2.5 cents per share). Including the interim dividend of HK0.8 cent per share already paid and a special interim dividend made by the Comp...

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Princeton Digital Group announces 100 MW Flagship Data Center Campus in Japan, committing $1 Billion in investment

ruth
3 minutes

TOKYO, Jun 29, 2021 - (JCN Newswire via SEAPRWire.com) - Singapore-based Princeton Digital Group (PDG), Asia's leading data center provider, today announced its plan to build one of the largest hyperscale facilities in Tokyo, Japan, with a total investment value of USD 1 Billion. Japan is the fifth market that the company has entered in since its formation 4 years ago. With this investment, PDG marks a major milestone in its plan to build a 600 megawatts (MW) portfolio across the region.The new campus at Saitama City will have close to 100 MW of critical IT capacity across two phases of 48.5 MW each. Saitama City is one of the major commercial centers of the Greater Tokyo area. Located 30 km north of central Tokyo, the PDG Saitama campus has a total land area of 33,047 m2. The facility is designed to serve leading hyperscalers in Japan, one of the most dynamic cloud markets in the world.PDG has already secured the land and power with construction to begin later this year. The facility will be built to the latest hyperscale design and standards, with unrivalled scalability, connectivity and reliability."The Asia Pacific region is set to be the largest data center market in the world...

SeaPRwire

Ex-teacher is Russia’s prolific hacker

elean
4 minutes

(BLOOMBERG) - Alla Witte's plans for a new career as a computer programmer included helping clients make enough money to see the world. The Russian was in her late 40s with a degree in applied mathematics and an itch to do computer programming. But there was a darker side to her interest in computers. In the six years leading to October 2018, Witte allegedly transformed from amateur developer to a key cog in a cybercrime syndicate known as Trickbot. Witte, now 55, assumed the identity "Max" and started writing illicit code, according to a US federal indictment unsealed on Feb 8, after she was detained in Miami. She is one of seven alleged members of the Trickbot gang facing charges for their role in a global fraud, data theft and ransomware operation with roots in Russia, Ukraine and Belarus. Trickbot is the name of a cybercrime group, a piece of malicious code and a botnet, a network of hijacked Internet-connected devices used to carry out cyber attacks. The cybercrime group manages the botnet and sells its malware to "affiliates" who then use it to target various victims, according to Malwarebytes, a cyber-research company. Once infected, victims become part of the botnet, a netw...

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Hitachi to Donate to COVID-19 Relief Efforts in India and Other Countries

ruth
2 minutes

TOKYO, Jun 18, 2021 - (JCN Newswire via SEAPRWire.com) - Hitachi Group announced today that it will take support measures for India and other countries facing various social problems such as disasters, accidents, and pandemics.To support India, Hitachi, Ltd. and Hitachi India Pvt. Ltd. will donate a total of approx. 50 million yen to the Japan Committee for UNICEF and charitable institutions in India. Hitachi, Ltd. has already provided 500 oxygen concentrators (worth approx. 30 million yen) to Hitachi Group companies in India. In addition to this, Hitachi Group companies in India will take support measures for employees including medical care. Through these efforts, Hitachi Group will contribute to supporting children, their families, and employees in India who are affected by COVID-19.Furthermore, Hitachi Group will introduce a social contribution scheme, whereby the company will match donations made by employees, as a measure of support for India and other countries facing various social problems. In fiscal 2021, donations up to approx. 30 million yen is planned by company side.Hitachi Group is taking steps to prevent the spread of the outbreak and to support employees, placing t...

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Alpha DX Set Sights in China with Proposed Investment in JobForesight

indie
4 minutes

Singapore, Jun 18, 2021 - (ACN Newswire via SEAPRWire.com) - Alpha DX Group Limited, ("Alpha DX", the "Company" and together with its subsidiaries, the "Group"), a premier learning and education solution company, is pleased to announce that its technology subsidiary, ZioNext Pte Ltd, has signed a Memorandum of Understanding to invest in Singapore-based JobForesight, which has developed a cloud-based application, Careershe, that offers an academic & career planning platform that is targeted at the largest education system in the world.Guangdong-based Careershe (https://www.careershe.com/en.html) was created to assist Chinese youth between ages of 15 and 25 years old to equip themselves with the relevant information and knowledge that are necessary for them to optimise their decision-making process in choosing the appropriate education programs as well as the career opportunities that are best suited to them.With personalised matching analysis using Big Data and Artificial Intelligence (AI) and the database on Careershe's platform, Careershe can enable Chinese youths to navigate through the extremely competitive education and career environment by personalising the education and ...

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Woven Capital Invests in Ridecell to Accelerate Global Growth in IoT-driven Automation for Mobility and Fleet Businesses

indie
3 minutes

San Francisco and Tokyo, Jun 17, 2021 - (ACN Newswire via SEAPRWire.com) - Woven Capital, L.P. today announced that it has made an investment in Ridecell Inc., a leading platform powering digital transformations and IoT automation for fleet-driven businesses. Woven Capital is an $800 million global investment fund that supports innovative, growth-stage companies in mobility, automation, artificial intelligence, data and analytics, connectivity, and smart cities. It is the investment arm of the Woven Planet Group, a Toyota subsidiary which is dedicated to building the safest mobility in the world. Along with the investment, Ridecell and the Woven Planet Group will explore collaborative opportunities in mobility service operations."Ridecell is accelerating the digital transformation of a key part of the mobility industry--creating a comprehensive platform that connects fleets and automates workflow at scale," said Michiko Kato, Principal, Woven Capital. "We are excited to invest in Ridecell and explore collaborative opportunities together, as we continue to focus on innovative technology that delivers safe, secure, efficient, and seamless mobility for all.""This investment with Woven...

ACN Newswire

Thailand’s CP Group Selects Anacle’s Simplicity Commercial Real Estate Solution for Lotus’s

indie
2 minutes

Singapore, June 17, 2021 - (ACN Newswire via SEAPRWire.com) - Anacle Systems Limited ("Anacle") has been selected by Thailand's Charoen Pokphand Group ("CP Group") after a rigorous vendor selection process to implement Simplicity® Commercial Real Estate Management (CommREM) solution for the Lotus's subsidiary. Lotus's currently operates the largest retail chain in Thailand, with more than 2,000 stores and 46,000 tenants. Lotus's will leverage the sophisticated Simplicity® software to streamline its operations and fully automate the financial, tenancy, customer relationship and utilities management processes."Asset managers are constantly pressured to deliver yield in this rapidly evolving market but many lack data or capabilities to perform analytics. Simplicity® is the most comprehensive solution designed to address the pressing need for end-to-end streamlined systems and big data analytics. Anacle is honored to be selected by Lotus's and we are committed to help the brand achieve its goal in this challenging market," said Alex Lau, CEO of Anacle Systems Limited. About Anacle Systems LimitedAnacle is a leading provider of asset and property management software, as well as smart ut...

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Fujitsu to Initiate On-Site Vaccinations for Employees in Japan

ruth
3 minutes

TOKYO, Jun 15, 2021 - (JCN Newswire via SEAPRWire.com) - Fujitsu Limited today announced that in accordance with the Japanese government's COVID-19 vaccination policy targeting a June 21, 2021 start for large companies and universities, Fujitsu will initiate on-site inoculations for employees at select locations in Japan from June 29, 2021, supplementing efforts by local governments. COVID-19 vaccinations will start in areas with at least 1,000 employees and where vaccinations can be administered by in-house medical staff. Beginning with Fujitsu's Kawasaki Plant, Fujitsu plans to offer vaccinations to over 1,000 employees per day to fully vaccinate 30,000 employees by October 2021 (60,000 doses). As soon as preparations are made, Fujitsu plans to expand the initiative to other areas, including its Kansai Systems Laboratory.Additionally, if Fujitsu Group employees receive vaccinations at work or from their local municipality on a working day, special measures will be taken to permit them to take accumulated leave as vaccine leave. This will make it easier for employees, who can take advantage of flextime and remote working, to flexibly schedule their vaccinations. Accumulated leave ...

ACN Newswire

Sterling Group Launches U.S. Premium Lifestyle Apparel Brand JP by J. Peterman in Asia

indie
3 minutes

HONG KONG, Jun 8, 2021 - (ACN Newswire via SEAPRWire.com) - Sterling Group Holdings Limited ("Sterling Group" or the "Group", HKEX: 1825), an apparel manufacturer for upmarket international apparel brands, is pleased to announce that it has officially launched the American premium lifestyle apparel brand, JP by J. Peterman, as an extension of the J. Peterman brand it already owns. The new sub-brand, marketed primarily online through internet, website, social media channels or key opinion leaders (KOL), is curated for a younger customer base who wants to escape from fast fashion, and desires more individuality, style and quality in their daily wardrobe.Sterling Group made a foray into brand ownership by acquiring the J. Peterman brand in 2019. Founded in 1988, J. Peterman is a U.S. brand with more than 30 years of history with a good name recognition especially after the popular American TV show "Seinfeld", casting John Peterman as the eccentric, fun-loving sophisticated world traveller in the series. The brand covers a wide spectrum of merchandise, including shirts, pants and shorts, suits and blazers, outerwear, sweaters, vests, sleepwear, men's vintage cologne collection, hats, f...

SeaPRwire

Mandatory treatment order for last man to be dealt with in SG Nasi Lemak chat group case

aseanpr
2 minutes

SINGAPORE - An administrator of the SG Nasi Lemak chat group, a platform on Telegram that hosted obscene photos and videos, was on Thursday (June 3) sentenced to mandatory treatment for a year. Leonard Teo Min Xuan, 27, had been diagnosed with major depressive disorder, and an Institute of Mental Health report said this contributed to his offences. Serving a mandatory treatment order means Teo will receive psychiatric treatment to address his mental issues in lieu of jail time. Teo was the last of four men to be sentenced over the chat group, which had 44,000 members at its peak. He had earlier pleaded guilty to transmitting obscene material via electronic means and possessing 427 obscene images. Another charge of possessing 99 obscene videos was taken into consideration for sentencing. The court heard that the four Singaporeans were arrested in October 2019 after a series of police reports were made between March and October that year. Two of them - Justin Lee Han Shi, then 20, and an 18-year-old youth - were placed on probation. The teenager cannot be named under the Children and Young Persons Act. He was 17 at the time of the offence in October 2019. The third offender - Liong T...

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Strong Momentum in Tianyun International’s Development in Central China Yichang Tiantong Achieves Record Performance

indie
5 minutes

HONG KONG, Jun 2, 2021 - (ACN Newswire via SEAPRWire.com) - Tianyun International Holdings Limited ("Tianyun International", together with its subsidiaries, the "Group") (Stock Code: 6836.HK), a leading manufacturer and seller of processed fruit products in China is pleased to announce that Strong Won Investment Limited, a wholly-owned subsidiary of the Group which was acquired on 31 January 2018 and its wholly-owned subsidiary Tiantong Food (Yichang) Ltd. ("Yichang Tiantong") have achieved the majority of its targeted production volume and revenue within three years. The Group therefore allotted and issued 13,050,000 ordinary shares to Long Advance Investments Limited ("Long Advance Investments") as Consideration Shares. The Consideration Shares allotted and issued to Long Advance Investments accounted for approximately 1.32% of the enlarged issued share capital of the Company after such allotment and issue. The group entered into an agreement to acquire The Target Group with Long Advance Investments on 15 September 2017. Pursuant to the agreement, Tiantong Food (Yichang) Ltd. has set a total of 80,000 tonnes of processed fruits target production volume during the period of three ...

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$ORT – Launching Europe’s First Tokenized Real Estate Assets by OMNI Estate Group & Passive Income

pandora
5 minutes

Marbella, Spain - / SEAPRWire / May 28, 2021 / OMNI ESTATE GROUP is delighted to announce to the Crypto & Real Estate investment community the launch of OMNI Real Estate Token ( $ORT ). $ORT will serve as the first token of its kind, Europe's First Real Estate Token. OMNI Estate Group will utilize $ORT as the native token to facilitate investments in Real Estate with Cryptocurrency. $ORT holders will enjoy investment incentives, ROI benefits, Real Estate Asset access and more within the ecosystem and NFT Marketplace. What might surprise many about the $ORT token launch is the incredible partnership between OMNI Estate Group and Passive Income. $ORT was created by the NaaS (NFT as a service) feature of the Passive Income ($PSI) platform, bringing an incredible level of revolution to this industry. The $ORT Token sale The $ORT token sale will go down as one of the most memorable events in the history of crowdfunding in the crypto space. Immediately after announcing the token sale, the $ORT token sold out within 5 minutes. This is truly remarkable as many DeFi projects tend to organize multiple rounds of token sale in order to meet up with their softcap. Still, some of these proje...

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Genesis Medtech Group Raises Significant Growth Investment in Latest Round of Series B Financing

indie
4 minutes

SINGAPORE, May 25, 2021 - (ACN Newswire via SEAPRWire.com) - Genesis MedTech Group ("Genesis"), a leading medical device company, today announced it has completed its Series B round, raising significant growth financing. General Atlantic, a leading global growth equity firm, led the funding with participation from CITIC Capital and others. The majority of shareholders from Series A followed up with additional investments. Lefei Sun, Managing Director and Head of Healthcare for China at General Atlantic, will join the Genesis Board of Directors.The funds will be used to drive the research and development of new products and the commercialization of existing products, as well as enable business expansion in emerging markets around the world. This acceleration in Genesis' model is expected to enable patients and healthcare practitioners in emerging markets to access innovative medtech products that can address unmet needs faced day-to-day -- Genesis' mission since its inception in 2019.Meeting Needs Where They Are Genesis' purpose was born to solve a growing healthcare issue within emerging markets, where increased health problems and demand for medtech solutions are not proportionall...

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Kingsoft Announces 2021 First Quarter Results

indie
5 minutes

HONG KONG, May 25, 2021 - (ACN Newswire via SEAPRWire.com) - Kingsoft Corporation Limited ("Kingsoft" or the "Company"; HKEx stock code: 03888), a leading Chinese software and Internet service company, has announced its unaudited quarterly results for the three months ended 31 March 2021 ("period under review").During the period under review, the revenue of Kingsoft increased 33% year-over-year to RMB1,559.6 million. Revenue from the online games and others and office software and services represented 51% and 49%, respectively, of total revenue. Gross profit increased 36% year-over-year to RMB1,315.9 million, while profit attributable to owners of the parent increased 1,763 % year-over-year to RMB116.6 million. Mr. Jun LEI, Chairman of Kingsoft, commented, "Our first-quarter results signal a good start for the year as we continued to focus on office application services for government, enterprises and individuals, and high-quality IP and premium games. Kingsoft Office Group seized the opportunity for digital transformation and will continue to develop the ecosystem for cloud and collaboration. In our online games business, we maintained steady development of our core games while ac...

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Tianyun International Releases 2020 Environmental, Social and Governance (ESG) Report: Promotes Innovative Food & Beverage R&D, Fulfils Corporate Social Responsibility

indie
6 minutes

HONG KONG, May 20, 2021 - (ACN Newswire via SEAPRWire.com) - Tianyun International Holdings Limited ("Tianyun International", together with its subsidiaries, the "Group") (Stock Code: 6836.HK), a leading manufacturer and seller of processed fruit products in China, released its 2020 Environmental, Social and Governance (ESG) Report. Detailing the Group's ESG management strategies, performance, achievements and future plans in the areas of environmental protection, employee care, corporate operations and community involvement over the past year, this report demonstrates the Group's continuous commitment to sustainable development and fulfilment in corporate responsibility. The report covers the period from 1 January 2020 to 31 December 2020.As a food enterprise with one of the most comprehensive quality certifications both domestically and overseas, the Group has always been committed to providing consumers at large with natural, healthy, safe, delicious and convenient products. This allows consumers to enjoy nutritional fruit products and beverages, promotes a healthy dining culture, deepens the public's knowledge of healthy dining and enables the Group to fulfil its corporate soci...

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SCCG Management and Scout Gaming Group Extend North American Partnership

indie
2 minutes

LAS VEGAS, NV, May 18, 2021 - (ACN Newswire via SEAPRWire.com) - Stephen Crystal, SCCG Founder, announced today that the company has extended its partnership with Scout Gaming Group, the industry-leader in premium fantasy sports technology solutions, for a further year."We are excited to see our clients and partners eager to adopt Scout Gaming Group's rich technologies to support the growth of their existing sports wagering offerings. Scout Gaming Group is making significant contributions to venue-based customer sports engagement in bars, restaurants, and stadiums with its eFanGage product, as well as its imminent Dreamsport.com fantasy tournament platform launch," said Crystal.Scout Gaming Group provides the industry-leading supplier solution for licensed and regulated B2B Fantasy Sports Wagering. Scout offers the ultimate fantasy sports experience, enabling operators to tap into the rapidly growing fantasy sports market. Not only does Scout provide the widest selection of game types, but they also offer a full suite of sports with the ability to add other sports upon request.About SCCG ManagementSCCG Management is a consultancy that specializes in sports betting, iGaming, sports ...

SeaPRwire

Six Credit Suisse bankers exit as post-Archegos defections mount

elean
3 minutes

NEW YORK (BLOOMBERG) - A half-dozen senior Credit Suisse Group bankers have left the firm in recent weeks, the latest in a raft of defections following the implosion of Archegos Capital Management and uncertainty about future bonuses. Jason Wortendyke, global co-head of mobility and services, rejoined Citigroup to run diversified industrials along with Francis Tucci, according to a memo seen by Bloomberg News. Mr Wortendyke will also co-head the Chicago office alongside Matt Musa. Mr Wortendyke worked at Citigroup in London and Hong Kong before joining Credit Suisse. Other departures include New York-based Ihsan Essaid, Credit Suisse's head of media and telecommunications mergers and acquisitions, and San Francisco-based Kamal Ahmed, a managing director focused on semiconductors in the firm's technology investment-banking group. Both are joining Barclays, according to people with knowledge of the matter. Mr Essaid will be co-head of mergers and acquisitions in the Americas and Mr Ahmed will be global head of semiconductor investment banking. Credit Suisse was the biggest loser when the world's top investment banks raced to exit trading positions as Archegos collapsed, pushing it in...

SeaPRwire

Jumbo opens new Tsui Wah and Kok Kee Wanton Noodle outlets amid Covid-19 curbs

elean
2 minutes

SINGAPORE (THE BUSINESS TIMES) - Jumbo Group will be opening two new food and beverage (F&B) outlets for its brands Tsui Wah and Kok Kee Wanton Noodle, even in the midst of Singapore's current Covid-19 restrictions where dining-in is not allowed so as to stem the growing number of Covid-19 community cases. The new Tsui Wah outlet is located at Jem in Jurong East, and occupies a total floor area of approximately 3,000 sq ft, the company said on Monday night (May 17). The outlet has a maximum seating capacity of 134 seats, which will be available for indoor dining when the heightened Covid-19 measures are relaxed. Currently, this new outlet will provide delivery and takeaway services for all items on the menu. Founded in Hong Kong, Tsui Wah is a cha chaan teng (local tea restaurant) offering Hong Kong dishes. It has more than 50 outlets, spanning mainland China, Hong Kong, Macau and Singapore. Jumbo manages the Tsui Wah outlets in Singapore under the franchise arrangement via Vista F&B Services, a joint venture between Tsui Wah Holdings Limited and Jumbo. Separately, a second Kok Kee stall will be opening at the Rasapura Masters food court in The Shoppes at Marina Bay Sands on or abo...

ACN Newswire
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Man Wah FY2021 Revenue from Main Business Up 35% to HK$16.4 Billion Despite Harsh Market Conditions, Net Profit Rises to HK$1.92 Billion

indie
6 minutes

HONG KONG, May 14, 2021 - (ACN Newswire via SEAPRWire.com) - Man Wah Holdings Limited ("Man Wah" or the "Group", stock code: 1999) today announced its audited annual results for the year ended 31 March 2021 ("FY2021" or the "Review Year"). During the Review Year, Man Wah actively promoted the development of its domestic business, enabling the Group to overcome effectively the adverse external impact on its business. The Group's market share in China's recliner sofa market has expanded to 59%, an achievement which has made it the world's top seller of recliner sofas for three consecutive years.In FY2021, the Group's sales revenue (excluding those from real estate, malls and other businesses) increased by 35.3% to HK$16.43 billion as it received a strong boost from sales revenue in the China market where revenue significantly increased by approximately 61.9%. Profit Attributable to Owners of the Company expanded by 17.5% to HK$1.92 billion. Net profit margin was approximately 11.7%. As of 31 March 2021, the Group was in a sound financial position, with a bank balance and cash of approximately HK$2.4 billion, and a current ratio at 1.4. To reward shareholders for their long-term suppo...